Looking at the weekly timeframe on CADJPY we can see we are currently in a what looks like a bearish flag pattern, this plus the head and shoulder pattern on the 4hour charts convinces me that CADJPY will eventually continue with its downwards movement. The bigger timeframe show us the possible direction while the lower time frame show us possible entries.
After a strong bearish impulse USDCHF is now in a corrective structure constructed of five bullish waves, an abc correction and a five wave ending diagonal. A more conservative approach would be to enter when price breakout of the ending diagonal
I have a bullish bias on AUDCAD like all other AUDxxx pairs and a bearish bias on xxxAUD pairs. This pair has broke out of the initial ending diagonal with a bullish impulse and its currently in a corrective phase with another ending diagonal. Will be looking for bullish candle formation before going long.
After failing to breakout of the bearish symmetrical triangle, EURJPY has printed a bearish impulse and its currently in a corrective bearish flat pattern. I will be watching it closely how it reacts inside the current flat structure. Sell trades will be executed on the smaller time frame based on supporting candlestick formations.
After a clear impulse, we are currently in a corrective structure. The pair has printed an inverse head and shoulder pattern with the right shoulder resting on the 50% fib retracement area. Will be looking at the 1 hour chart for further buy signals.
As stated on my previous post, EURAUD has printed a bearish head and shoulder pattern on the weekly chart, it looks like a second head and shoulder pattern is also developing on the 4 hour chart. For a more conservative entry i will wait for the break of the purple trend line before selling
This is my EURAUD long-term bearish outlook. Looking on the weekly chart we can clear see a bearish Head and shoulder pattern . I will be looking at the 4 hour chart for trade execution. Check the 4 hour sell setup posted after this post.
As we can see from the chart i have labeled a 5 wave bearish impulse in a form of an ending diagonal, we are currently in a abc corrective structure of which the c has already completed 5 waves which are in conjunction with the left shoulder of the head and shoulder pattern also highlighted. This is more confluence for the EURUSD buy idea i posted yesterday.
Looks like NZDCHF is in a combination of corrections,53535 Combination comprising of an ending diagonal(5) followed by a flat(3) followed by another ending diagonal(5) followed by an expanding flat(3). If the count is correct i will be expected a 5 wave bearish impulse. will be looking for a bearish impulse before considering any sell trades targeting 0.61320
EURUSD completed an ending diagonal followed by a sharp bullish impulse A, the pair is currently in a bearish abc(purple) corrective structure where both purple wave a and c have clear 5 waves. Additional confluence is the inverse head and shoulder pattern of which its right shoulder is at 78 fib retracement area. Will be looking for strong bullish candlestick...